Online ticketing platform Fatsoma has achieved 30 per cent of its funding target in the first week of a crowdfunding campaign, thanks to investment from its partners, clients and business associates.

Fatsoma is looking to raise £350,000 for 3.44 per cent total equity and has already received over £102,000 from 30 investors - and counting - within the first week of the campaign.

The money is being raised viu Seedrs, an equity crowdfunding platform, which has just announced that more than £100m has been invested in early-stage and growth focused businesses through its site since it launched in July 2012.

Ben Taylor, Fatsoma’s financial director, said: “We looked at a number of different options for this campaign and definitely found Seedrs to be the best choice, because they focus on doing equity crowdfunding the right way with an effective product.

!Their strict due diligence – such as independent valuations - that have to be met before they will even list a potential investment opportunity gives entrepreneurs and investors a trusted platform.

“In addition, they also make it accessible to invest and support campaigns on the site, which has played a huge part in the success of our campaign.

“We are delighted with the additional support the Seedrs team has given us, not least being included in its weekly round-up of opportunities to their network, and their advice at each stage of the campaign.

"We are also thrilled with the investments we have received in the first week of the campaign going live, and with the support support shown by so many of our partners, clients and business associates for the Fatsoma business and brand.”

In order to receive the pledged investments, Fatsoma must achieve 100 per cent of its target.

The funds raised will then be used for expansion capital for investment in sales and marketing, partnership acquisition and further development of Fatsoma’s technology platform to ensure the company continues to stay ahead in the event ticketing and promotion sector.